CBOT corn futures strengthened by 0.8% last week

21.12.2016

During the reporting week (December 08-15) CBOT corn prices strengthened by 0.8%, reports UkrAgroConsult.

Last week US corn export prices (January delivery) strengthened by USD 2/MT, while Argentinean and Ukrainian corn supply prices remained unchanged.

Ethanol market still supported CBOT prices, particularly the data on record ethanol exports in October, as well as high US corn contracting pace, which exceeded market expectations.

The further price growth was limited by forecasted rains in Argentinean arid regions, as well as by information on China's intention to resume corn exports, especially after another rich harvest in October.

Check up prices and enjoy free online charts on our website. Daily updated commodity exchange prices (CBOT, ASX, BCE, MATIF, WCE, LIFFE) and cash market quotations for wheat, corn, barley, soybean, sunflower and other agricultural commodities in Ukraine, Black Sea region and world are available in section "Prices and Futures".

 

UkrAgroConsult

 

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